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that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked all her life, put in this money, and understood that there was a basic guarantee under which she could not go. that's the perspective i bring when i talk about what's called entitlements. the name implies some sort of dependency on the part of folk. these are folks that have worked hard, like my grandmother and millions are counting on this. my approach is to say how do we strengthen the system over the long term? in medicare, what we did, we said we are going to have to bring down the costs if we are going to deal with long-term deficits. to
that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked...
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. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on middle income families. i will lower taxes on middle income families. now, you kite a study. there is six other studies that looked at the study you described and say it's completely wrong. >> the president based his assertion about a $2,000 tax increase on a study by the tax policy center which had exempted some tax deductions from any cuts in its analysis. then it concluded the plan could only be deficit neutral with a tax hike on the middle class and obama ads are hammering away. >> why won't obama level with us about the tax plans. >> the tax policy center, however, later changed its assessment. it said if romney p
. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on...
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mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem in both of these claims is a lack of specifics. what the president is assuming, the reason we said false on his claim, he basically is assuming if he just did a tax cut and nothing else, then it would include this giant amount of tax breaks for people out there. but that's what mr. romney is saying he won't do. he's saying he has all these specifics in terms of cutting deductions, finding ways of closing loopholes so that people would pay more and there wouldn't be this giant tax cut but he wouldn't say what that would be. this lack of
mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the...
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we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- how we pay for that, reduce the deficit and making the investments we need without dumping the cost on the middle- class americans. that is one of the central questions of this campaign. >> you have spoken about a lot of different things. governor romney, do you have a question you would like to ask directly about something he just said? >> i do not have a tax-cut scale you're talking about. we have to provide tax relief to people in the middle class. i will not reduce the share of taxes paid by high income people. they are doing fine in the economy. the people who are having a hard time are middle-income americans. under the president's policies, they have been bu
we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- how we pay for that, reduce the deficit and making the investments we need without dumping the cost on the middle- class americans. that is one...
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you would cut the deficit in half, we still have trillion dollar deficits. a trillion dollar deficit each of the four years. if you are reelected, we'll get to a trillion dollar debt. >> we're asking for no revenue, we hag to give -- end up in resulting in se veer hardship for poem. >> social security is also a big topic. both men went back and forth on this one. >> you can call it a target or lind pent voters. they are eventually going to need social security, so the job of each of these candidates tonight was to paint the other's programs in aing intive right. on the issue, the president said that mitt romney's plans would eventually turn entitlements. he is trying to empower people to take control other their present this plan, the sees sense of the plan. >> i know what my own vow is. i rather not telling the government not telling me what insurance company to get. >> this debate went on for an hour and a half. at one point, they did not get to all the candidates. 50million people watched this debate tonight and there will be two more presidential debates
you would cut the deficit in half, we still have trillion dollar deficits. a trillion dollar deficit each of the four years. if you are reelected, we'll get to a trillion dollar debt. >> we're asking for no revenue, we hag to give -- end up in resulting in se veer hardship for poem. >> social security is also a big topic. both men went back and forth on this one. >> you can call it a target or lind pent voters. they are eventually going to need social security, so the job of...
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states are on notice, big-time notice, they've got huge budgett deficits. >> right. >> why wouldn't this help the state's bottom line? this is happening in arizona, where property taxes are next to nothing anymore, because there's no housing market anymore. why wouldn't this be a good thing? >> it is a good thing. i haven't heard one single good argument why not to do this. you're not rushing kids through, you're allowing them to rush through if they so desire. that's what this is supposed to be about. kids that can advance should advance if they want to. if it saves money all the better. why not save money if you can if it's improving the lots of kids that want to achieve. we should reward achievement in this country. this is a good way to start. >> nobody is saying you shouldn't do that, jim. >> todd? >> jim, that's great. nobody is saying we want to destroy success. we get that. however, you have to assume with property taxes, you saw a population growth. to think property taxes would actually drop because you subtract two years from a high school education -- >> i agree with you. the
states are on notice, big-time notice, they've got huge budgett deficits. >> right. >> why wouldn't this help the state's bottom line? this is happening in arizona, where property taxes are next to nothing anymore, because there's no housing market anymore. why wouldn't this be a good thing? >> it is a good thing. i haven't heard one single good argument why not to do this. you're not rushing kids through, you're allowing them to rush through if they so desire. that's what...
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he said he would cut the deficit in half. we still have trillion dollar deficits. if you are reelected, we will get to a trillion dollar debt. you have said he will cut the deficit in half. you find $4 trillion in cuts. we still show trillion dollar deficit a year. that does not get the job done. why is it that i do not want to raise taxes? i do not want to raise taxes on people. in 2010, he said he would extend the tax policies we have now and not raise taxes because when the economy is going so like this, you should not raise taxes on anyone. the economy is still going slow. it is growing more slowly now than when he made that statement. if he believed the same thing -- the reality is it is not as wealthy people. it is not just donald trump you are taxing. it is the people that employ 1 quart of the workers that are taxed as individuals. you raise taxes and kill jobs. that is why the national federation of independent businesses said your plan will kill 7000 jobs. >> but stay on the tax system for a moment. the deficit there has to be revenue in addition to cuts.
he said he would cut the deficit in half. we still have trillion dollar deficits. if you are reelected, we will get to a trillion dollar debt. you have said he will cut the deficit in half. you find $4 trillion in cuts. we still show trillion dollar deficit a year. that does not get the job done. why is it that i do not want to raise taxes? i do not want to raise taxes on people. in 2010, he said he would extend the tax policies we have now and not raise taxes because when the economy is going...
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there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2% increase. that's less than the rate of inflation. so, i think that the reason that i believe he'll win re-election is we are beginning to recover. we have a higher rate of job creation since the recession bottomed out in the middle of 2009 than in the previous eight years. and, we are moving in the right direction and the policies he's advocated are going to produce good economic results. if people thought it was like another recession, he would be in trouble. it's not like another recession. they know it. >> people say the paralysis in washington, the inability t
there will still be a substantial deficit, but it will be smaller. president obama's main contribution to this $16 billion debt, which is a trillion dollar debt, a ten-year figure projecting out ten years was the stimulus bill, which is $800 billion, which i believe was a good thing to do. i think that might be bigger without it. it kept people working and paying taxes and off the government payrolls. because it created new jobs. if you look at his annual spending budgets, they are about 2%...
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you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year promising 5 trillion dollars in tax cuts that favors the wealthy. the fellow is state last night said he didn't know anything about that. >> leaving denver, met romney can look pleased with himself. one day does not affect the way most people intend to vote, but it means the next string of opinion polls are important. if it narrows, it suggest romney is back in the gate. but if they do not, even after a victory, then he really is in the hole. >> how important was the first debate? i spoke to apolitical blotter and polling number cruncher and the author of a new book, "the signal and the noise,
you said you would cut the deficit in half. we still have trillion dollar deficit. less cbs as we will have a trillion dollar deficit in the next four years. >> president obama interrupted again -- think romney might win a and oscar but it was untethered from the truth. the president echoed the complaint. >> i met this very spirited fellow the claim to be a romney. how but it could not have been a robbery. because the real mitt romney has been a are a country for the last year...
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because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today. because it's clearly good news for barack obama politically if nothing else. >> not only the numbers today but the revisions for the last two months. we seem to really be on a trajectory and you know, this is going -- apparently what really matters is not the economy for the year but the economy at the moment as people approach the election. people are beginning to vote. >> the good news for barack obama there. not so good news his performance at the debate. common consensus is a bit of a turkey. >> he blew it. >> why did he blow it? he's such a skillful orator usually. >> it's a paradox. he's a skillful communicator a
because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today....
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. >> the cut the deficit in half. four years later and we have a trillion dollar deficit. my view is we ought to provide tax relief to people in the middle class. the people who are having a hard time right now are middle income americans. under the president's policies middle income americans have been buried. there just being crushed. middle income americans have seen their income come down by $4,300. at the same time gasoline prices have doubled. electric rates are up, food prices are up. if you're reelected we will get to a trillion dollar debt. you have said before you cut the debt in half. lou: and to post debate polls gave the debate to governor romney. by a huge margin. in fact, the biggest one in history according to one of those polls. the cbs poll showed that 42 percent called romney the victor with only 22 percent standing with the president. the same poll tells us that 63 percent now believe governor romney cares about their needs and problems. that is a 30% improvement since before the debate. the cnn polls showed an even more dramatic results. governor romne
. >> the cut the deficit in half. four years later and we have a trillion dollar deficit. my view is we ought to provide tax relief to people in the middle class. the people who are having a hard time right now are middle income americans. under the president's policies middle income americans have been buried. there just being crushed. middle income americans have seen their income come down by $4,300. at the same time gasoline prices have doubled. electric rates are up, food prices are...
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we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- without dumping the cost on the middle-class americans. that is one of the central questions of this campaign. >> you have spoken about a lot of different things. governor romney, do you have a question you would like to ask directly about something he just said? >> i do not have a tax-cut scale you're talking about. we have to provide tax relief to people in the middle class. i will not reduce the share of taxes paid by high income people. they are doing fine in the economy. the people who are having a hard time are middle-income americans. under the president's policies, they have been buried. middle income americans have seen their income decreased by $4,300. th
we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- without dumping the cost on the middle-class americans. that is one of the central questions of this campaign. >> you have spoken about a...
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you said you'd cut the deficit in half, it's now four years later we still have trillion dollar deficits. martha: what about that, chris. >> for people who aren't following like this. simpson-bowles was the presidential commission. he was in charge of this commission. it was his idea. after they gave their proposals last december he ignored them, he never even mentioned them a month later in the state of the union speech. he does have a $4 trillion plan, a deficit reduction plan about it is filled with gimmicks. first of all it includes a trillion dollars that they already agreed to, the congress and the president, as part of the deficit reduction deal, the debt limit deal last august. any president if they come in its going to have that trillion dollars. he also gets $800 billion in savings from night fighting the wars in iraq and afghanistan that we weren't going to fight anyway. there are all kinds of gimmick savings. having quickly said that, mitt romney's plan has a lot of smoke and mirrors too. obama pointed out you have $5 trillion from lowering tax rate. you have a $2 trillion in
you said you'd cut the deficit in half, it's now four years later we still have trillion dollar deficits. martha: what about that, chris. >> for people who aren't following like this. simpson-bowles was the presidential commission. he was in charge of this commission. it was his idea. after they gave their proposals last december he ignored them, he never even mentioned them a month later in the state of the union speech. he does have a $4 trillion plan, a deficit reduction plan about it...
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no tax cut that adds to the deficit. i do want to reduce the burden being paid by middle income americans. that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is simply not accurate. -p>> let's talk about taxes, because i think it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is exactly what i did. we cut taxes for middle-class families by about $3,600. the reason is because i believe that we do best when the middle- class is doing well. by giving them those tax cuts, they have more money in their pocket. maybe it does not buy new car. they are in a better position to weather the extraordinary recession we went through. they may be able to y new computer for their kid who is going off to college. governor romney's proposal that he has been promoting for 18 months calls for of five trillion dollars tax cut on top of $2 trillion of additional spending for our military. he is saying he is going to pay
no tax cut that adds to the deficit. i do want to reduce the burden being paid by middle income americans. that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is simply not accurate. -p>> let's talk about taxes, because i think it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families. that is exactly what i did. we cut taxes for middle-class families by about $3,600. the reason...
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the deficit was front and center. react to this. >> the president said he would cut the deficit in half. unfortunately, he doubled it. $1 trillion deficits for the last fur -- four years. the president put almost as much debt held by the public as all prior presidents combined. >>neil: what he was saying, whatever you inherited you did that and then some. did that register? >>guest: again, it is like delivering a spanking in the boardroom, point one, point two, point three, you said this was the budget. you didn't do it. you said this is the revenue, you didn't do it. the promised the people this, you didn't do it. i can. it made a compelling point not just to people that are loyal to mitt romney but also people that are undecided. i believe, also, the conviction, you could see it, that president obama literally started submitting through the debit to the points. >>neil: it is interesting. very interesting dissertation to wrap your arms around what was an economic tutoring. very weird. forget about getting the undecid
the deficit was front and center. react to this. >> the president said he would cut the deficit in half. unfortunately, he doubled it. $1 trillion deficits for the last fur -- four years. the president put almost as much debt held by the public as all prior presidents combined. >>neil: what he was saying, whatever you inherited you did that and then some. did that register? >>guest: again, it is like delivering a spanking in the boardroom, point one, point two, point three,...
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the actual deficits are a trillion dollars. he promised to cut in the half and he didn't and if you open up the budget of the united states under his policies the debt explodes, you can see it on page 52 of their analysis of the budget outlook. he said last night that budgets are about making choices. having a budget that chooses to have the debt explode and endanger our children is a poor choice. >> i think that's misleading because if you look at the c.b.o. scoring of the president's budget, he achieves a stable budget path within the ten-year budget window. so, again, we have a factual disagreement. >> i said if you look at the long-term budget outlook the debt explodes. so year 11 matters. my children are not yet -- >> well, let's deal with the first decade. >> brown: all right, we've cleared up everything. (laughter) thank you so much. douglas holtz-ae kin, jared bernstein, thanks. >> woodruff: still to come on the "newshour": rising tensions on the syria turkey border; how the presidential debate played for some florida v
the actual deficits are a trillion dollars. he promised to cut in the half and he didn't and if you open up the budget of the united states under his policies the debt explodes, you can see it on page 52 of their analysis of the budget outlook. he said last night that budgets are about making choices. having a budget that chooses to have the debt explode and endanger our children is a poor choice. >> i think that's misleading because if you look at the c.b.o. scoring of the president's...
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you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it. back in 2010, you said, look, i'm going to extend the tax policies we have. i won't raise taxes on anyone. when we're in a recession, you shouldn't raise taxed on anyone. the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes a
you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it....
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't want to raise taxes on people. and you said it back in 2010. you said, i'm going to extend the tax policies that we have. i'm not going to raise taxes on anyone, because when the economy is growing slow like this, when we're in recession, you shouldn't raise taxes on anyone. well, the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made that statement. so if you believe the same thing, you just don't want to raise taxes on people, and the reality is, it's not just wealthy people. you mentioned donald trump. it's not just donald trump you're t
said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't...
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deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36
deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think...
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your sleep up, just go to bed a little bit earlier the next night and eventually you'll make up that deficit. >> you can make it up? >> yeah, that's the biggest thing. >> how about napping? does that help make it up? >> napping helps if it's consistent. but if you nap during the day and then it's going to make you go to bed later, so if you're not napping at the same time each day, it's not as good. so ideally, you can make up sleep. just go to bed a little bit earlier, but still wake up at the same time roughly each day. >> so you brought some props with you. these look very familiar to me, i will admit. these are things that can help you sleep better. walk me through some of them. >> it's all about quality. we talk about your sleep is cycles. you have light sleep, deep sleep, then dream, like your rem sleep. ideally, with your light sleep aspect, you want to have a dark environment. dark environment releases the hormone melatonin, which is your sleep hormone. >> that you put over your eyes. >> when it's light out, your body inhibits the release of melatonin. in a quiet environment, you wan
your sleep up, just go to bed a little bit earlier the next night and eventually you'll make up that deficit. >> you can make it up? >> yeah, that's the biggest thing. >> how about napping? does that help make it up? >> napping helps if it's consistent. but if you nap during the day and then it's going to make you go to bed later, so if you're not napping at the same time each day, it's not as good. so ideally, you can make up sleep. just go to bed a little bit earlier,...
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Oct 4, 2012
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a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and how much was accurate? with me is the associate editor of the financial weekly owned by the parent of this company. michael, romney says if you lower the tax rates what happens is, businesses have more money. businesses have more money they can hire more people and, guess what, everyone starts paying taxes and that is how you close the deficit. true? >>guest: it is true that is what he is saying. it is true that is the way a model would have it play out. the question and what assumptions go in that assertion by lowering rate and obviously on
a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and...
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Oct 4, 2012
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no tax cut that adds to the deficit. but i do want to increase the dividend being paid to middle income americans, so i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think, let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families. and that's exactly what i did. we cut taxes for middle class families by about $3,600. and the reason is, because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they have a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession that we've went through. they can buy a computer for their kid, who's going off to college. which means they're spending more money, businesses have more customers, businesses make more profits, and then hire more workers. now, govern
no tax cut that adds to the deficit. but i do want to increase the dividend being paid to middle income americans, so i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think, let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families. and that's exactly what i did. we cut taxes for middle...
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deficit with nine games to go. they did much, by sweeping the rangers. san francisco giant, won two years ago. >> they will host the cincinnati reds saturday and sunday at at&t park for the best of five series. and the team will move to game three and game four if necessary. if there's a game five, team would come back to at&t park. >>> these photos came in the afternoon, showing younger aged fans and their moms much the kids are able to say, baseball history. send the photos and the dramatic win. e-mail at photos at ktvu.com. post them directly and we may post some of their photos during the broadcast. >>> there's an officer-involved shooting. news chopper 2 flew over the cal train. what we've been told, the san mateo transit officer fired his weapon while the train was in san jose. we've been told one person was wounded and we do not know that person's condition. >>> a mistrial was declared in the federal cocaine fraud trial of the former crime lab technician. according to the juror, debra madden took cocaine fro
deficit with nine games to go. they did much, by sweeping the rangers. san francisco giant, won two years ago. >> they will host the cincinnati reds saturday and sunday at at&t park for the best of five series. and the team will move to game three and game four if necessary. if there's a game five, team would come back to at&t park. >>> these photos came in the afternoon, showing younger aged fans and their moms much the kids are able to say, baseball history. send the...
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Oct 5, 2012
10/12
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you have said before you cut the deficit in half. in order to bring the cost of health care down we don't need a board of 15 people telling us what kinds of treatments we should have. >> the funny thing sthat was an rnc ad showing president obama smirking while romney was talking. and it occurred to me in the break that this is like a dnc ad they did. i was telling tom that where they showed and their point was mitt romney was mean. so the ad actually works for romney and for obama. don't you think that was an amazing idea i came up with that you did not come up with? >> we had a great discussion while it was running. the ad is similar. the dth c ad is supposed to make -- the dnc ad is supposed to make him look mean and interruptiing. but it is interruptiing romney the whole ad and then it says, mitt romney, he's not nice. but it is a great ad for romney. >> do you think it is being rude? >> no, but everyone calls that a smirk. that's fundamentally wrong. let me show what you a smirk is. that was a stiegle. that's when you stifle a g
you have said before you cut the deficit in half. in order to bring the cost of health care down we don't need a board of 15 people telling us what kinds of treatments we should have. >> the funny thing sthat was an rnc ad showing president obama smirking while romney was talking. and it occurred to me in the break that this is like a dnc ad they did. i was telling tom that where they showed and their point was mitt romney was mean. so the ad actually works for romney and for obama. don't...
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Oct 3, 2012
10/12
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it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap and trade moved through they are getting decimated. we have to have a vision like ronald reagan said, talking about a new dawn for this american economy. >>neil: congressman, you are among those who were brought in, in the republican avalanche that brought in 83 republicans and that tipped the house of representatives to the republicans and made john boehner speaker. you are in a race if your life with an ad everyone is talking about. the fact of the matter is, republicans seem to not have quite that same wind behind their back. they might get it
it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap...